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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 65.70+0.2%Feb 6 9:30 AM EST

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To: trouthead who wrote (19018)5/10/2000 3:36:00 PM
From: tahoe_bound  Read Replies (1) of 28311
 
Well said J.B.

Don't agree with some, but I'm not going to pick you apart in anger or anything, we all have enough problems right now.

About being bid up too far, I don't think many would have agreed with that 2 months ago, or last year when P.A. bought in, but if it would have been bid up along with everything else from the Oct.- Mar. time frame we all would have less to gripe about. I for one feel cheated because it was tantalizingly close to breaking out of the pattern many times and now the reverse happens.

Back when the stock was at $85 diehard supporters said pretty much the same thing re: rash decisions about getting coverage ASAP and branding. (which does not and should not need to drain reserves drastically) I think they may not want to touch the cash because they depend on the interest income to make earnings look good. If so, Wall St. can see right through that and punish accordingly.

About the stock price taking care of itself, well, it is taking care in the wrong direction, and history shows it can stay that way for longer than thought as the fundamentals can be overwhelmed by outside issues and compounded by the indifference to the companies existence. That is a crisis for investors here because we don't know the bottom and how long it will take, it is unknowable.

Regards, Jon
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